Showing 1 - 5 of 5
Chinese Abstract: 2012年3月-2016年8月,我国PPI同比涨幅持续为负,CPI涨幅与PPI涨幅间的差值也不断扩大,到2016年下半年两者才重新收敛,这些变化引起了广泛关注。本文从工业品和消费品的生产函数出发,建立动态随机一般均衡(DSGE)模型,试图为这些现象提供一个分析框架和微观解释。模型结果显示,这段时间物价变化的原因主要是大宗商品价格下跌,而不是国内需求不足;CPI涨幅与PPI涨幅差值扩大主要源自工业品和消费品在产品价格粘性和对劳动依赖程度两个方面的不同。 … until 2016. This drew wide attention. From production functions of industrial goods and consumer goods, we developed a DSGE …
Persistent link: https://www.econbiz.de/10012913858
English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...
Persistent link: https://www.econbiz.de/10013057291
The English version of this paper can be found at "http://ssrn.com/abstract=3486211" http://ssrn.com/abstract=3486211.Chinese Abstract:...
Persistent link: https://www.econbiz.de/10012846847
The English version of this paper can be found at 'http://ssrn.com/abstract=2949307' http://ssrn.com/abstract=2949307.Chinese Abstract:...
Persistent link: https://www.econbiz.de/10012959018
This paper investigates whether distributional effect arising from the impact of monetary policy on bank credits will be different when monetary policy is asymmetric. Methodologically, we use a set of high frequency panel data for Taiwan commercial banks and adopt Arellano and Bond's (1991)...
Persistent link: https://www.econbiz.de/10008492961